MEDIUM TERM Definition

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MEDIUM TERM usually encompasses a calendar of 2-3 years or less.

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MANNING VARIANCE is the difference between the amount of time that was expected to be worked at a machine-paced workcenter, based on the amount of receipts of the parent part, and the actual amount of labor hours recorded at the workcenter.

NOMINAL VALUE is the par, or face, value of something e.g. a share issue.

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